Laser Power & Infra IPO
Laser Power & Infra LtdMainboard
This IPO has listed.
- Open date
- 9 Jul 2026
- Close date
- 13 Jul 2026
- Min. Investment
- ₹14,980
- Lot Size
- -
- Fresh Issue
- ₹542.00 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- -
Subscription rate
- Qualified Institutional Buyers92.25x
- Non-Institutional Investors43.34x
- Retail-Individual Investors6.59x
- Total38.94x
Schedule
- Completed: IPO open date9 Jul 2026
- Completed: IPO close date13 Jul 2026
- Completed: Allotment date14 Jul 2026
- Completed: Funds unblock or debit15 Jul 2026
- Completed: Tentative listing date16 Jul 2026
About
Promoter shareholding in Laser Power & Infra Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Deepak Goel | 5,22,45,080 | 45.41% | 4,69,88,071 | 33.47% |
| Devesh Goel | 2,87,60,040 | 25.00% | 2,58,39,480 | 18.41% |
| Akshat Goel | 1,85,58,720 | 16.13% | 1,85,58,720 | 13.22% |
| Rakhi Goel | 1,54,71,000 | 13.45% | 1,43,02,776 | 10.19% |
| Priya Goel | 1,800 | 0.00% | 1,800 | 0.00% |
| Samidha Goel | 1,800 | 0.00% | 1,800 | 0.00% |
| Priya Goel Private Family Tru | 1,800 | 0.00% | 1,800 | 0.00% |
| Deepak Goel Business Trust | 1,000 | 0.00% | 1,000 | 0.00% |
Financials of Laser Power & Infra IPO
| Key Performance Indicators | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Operating Revenue | - | - | - |
| Other Income | - | - | - |
| Total Income | 1747.58 | 2570.40 | 2326.10 |
| Total Expenses | 1709.60 | 2454.38 | 2187.04 |
| Profit Before Tax | - | - | - |
| Total Profit | 39.93 | 103.56 | 151.59 |
Laser Power & Infra IPO Strengths & Risks
- One of the leading players in terms of manufacturing capacity for power cables and conductors in East India.
- Strong manufacturing capabilities, through strategically located manufacturing units.
- Robust execution capabilities, with a track record of executing and handling complex EPC projects successfully and strong backward integration capabilities.
- Established track record with a marquee customer base.
- Strategic partnerships and collaboration with international players.
- Strong and diversified Order Book with long term revenue growth visibility.
- Experienced Promoters and management team with skilled workforce.
- Risks Relating to the Business: The company's business largely depends on its top 10 customers which contributed 72.14%, 68.87% and 53.37% of the company Revenue from Operations in Fiscals 2026, 2025 and 2024. The loss of any of these customers could has an adverse effect on its business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The sale of power cables and conductors manufactured by the Company contributes a significant portion to its Revenue from Operations (72.70%, 72.25% and 87.43% for the Fiscals 2026, 2025 and 2024). Any adverse development in the company''s performance in the manufacturing business segment could has an adverse effect on its business, cash flows, results of operation and financial position.
- Risks Relating to the Business: Significant increases or fluctuations in prices of, or delay or disruption in supply of primary raw materials could affect the company's estimated costs, expenditures and timelines which may have a material adverse effect on its business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company depends on a limited number of suppliers and its does not has long term agreements with most of the company's suppliers for its raw materials and volatility in raw material prices and shortages or disruption in their supply could adversely affect the company's business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company's revenues from its EPC segment are dependent upon the company's ability to effectively secure contracts awarded to its through the competitive bidding route. Consequently, the company's results of operations and cash flows may be adversely affected or fluctuate materially periodically.
- Risks Relating to the Business: The company has high working capital requirement. If there are delays in the collection of receivables from its customers or the company is unable to access suitable financing to meet working capital requirements, it could lead to material adverse effect on its business, prospects, financial condition and results of operations.
- Risks Relating to the Business: The company is subject to various laws and extensive government regulations and if its fail to obtain, maintain or renew the company's statutory and regulatory licenses, permits and approvals required to operates its business and the company's Manufacturing Units and warehouses, including environmental, health and safety laws and other regulations, its business financial condition, results of operations and cash flows may be adversely affected.
- Risks Relating to the Business: The company's financing agreements contain covenants that limit its flexibility in operating the company's business. Further, its Company has availed unsecured loans from banks and other financial institutions, which may be recalled on demand. If the company is not in compliance with certain of these covenants and is unable to obtain waivers from the respective lenders, its lenders may accelerate the repayment schedules, and enforce their respective security interests, leading to a material adverse effect on the company's business and financial condition.
- Risks Relating to the Business: Government policies, budgetary allocations for investments and general macroeconomic and business conditions may affect the company's EPC segment.
- Risks Relating to the Business: Any downgrade in the company's credit ratings could increase its borrowing costs, affect the company's ability to obtain financing, and adversely affect its business, results of operations and financial condition.
- Risks Relating to the Business: The company is highly dependent on its Key Managerial Personnel and the company's Senior Management for its business. The loss of or the company's inability to attract or retain such persons, as well as other employees, could have a material adverse effect on its business performance.
- Risks Relating to the Business: Growth of the company's business is supported by its manufacturing agreement with TS Conductor Corp. and any adverse changes or termination of this agreement could materially and adversely affect the company's business, financial condition, and results of operations.
- Risks Relating to the Business: Conflicts of interest may arise out of common business objects shared by the Company and Group Companies. Further, its Promoter Group entity, Lumino Industries Limited, operates in a related business segment, and there may be potential conflicts of interest that could adversely affect the company's business and results of operations.
- Risks Relating to the Business: The company faces certain competitive pressures from the existing competitors and new entrants in both public and private sector. Increased competition and aggressive bidding by such competitors are expected to make its ability to procure business in future more uncertain which may adversely affect the company's business, financial condition and results of operations.
- Risks Relating to the Business: Challenges in expanding the company's EPC portfolio into the water and solar distribution sectors could hinder its diversification efforts and revenue growth.
- Risks Relating to the Business: The company operates in a labour - intensive industry and is subject to stringent labour laws and any strike, work stoppage or increased wages demands by its labourers or any other kind of disputes with the company's labourers could adversely affect its business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company's continued operations at all of its Manufacturing Units located in West Bengal, may expose the company to regional risks are critical to its business and any disruption, breakdown or shutdown of the company's Manufacturing Units may has a material adverse effect on its business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company has capital expenditure requirements and may requires additional capital and financing in the future and the company's operations could be curtailed if its is unable to obtain the required additional capital and financing when needed.
- Risks Relating to the Business: The company does not has firm commitment agreements with its customers for sale of products under the company's manufacturing segment. If its customers choose not to source their requirements from the company, there may be an adverse effect on its business, financial condition, cash flows and results of operations.
- Risks Relating to the Business: The company's business is dependent on the performance and growth of the power infrastructure sector, both in the Indian and overseas markets. Any adverse changes in the conditions affecting the power infrastructure sector can adversely impact its business, results of operations, cash flows and financial condition.
- Risks Relating to the Business: The company is required to furnish bank guarantees as part of its business. The company's inability to arrange such guarantees or the invocation of such guarantees or its inability to fulfil any or all of the obligations under such bank guarantees may or may not adversely affect the company's cash flows and financial condition.
- Risks Relating to the Business: The company has incurred indebtedness and an inability to obtain further financing or to comply with repayment and other covenants in its financing agreements could adversely affect the company's business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company has certain contingent liabilities, which, if they materialize, may adversely affect its results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company regularly work with flammable materials and activities in its operation which can be dangerous and could cause injuries to people or property.
- Risks Relating to the Business: The company's Order Book may not be representative of its future results and the company's actual income may be significantly less than the forecasted revenues in its Order Book, which could adversely affect the company's results of operations.
- Risks Relating to the Business: An inability to complete the company's ongoing EPC projects and forthcoming EPC projects by their respective expected completion dates or at all could have a material adverse effect on its business, results of operations and financial condition.
- Risks Relating to the Business: The company is exposed to claims, penalties and damages resulting from delays in its EPC projects which may have an adverse effect on the company's business.
- Risks Relating to the Business: The company's Statutory Auditor has issued certain matter of emphasis in the auditor's report on the audited consolidated financial statements for the Fiscals 2026, 2025 and 2024.
- Risks Relating to the Business: Since the company's EPC contracts has long execution periods, cost and time overruns, project related estimated costs and revenue estimates may vary from the actual costs incurred and actual revenues generated which may adversely affect its business, financial condition, results of operations and future prospects.
- Risks Relating to the Business: The company is subject to stringent quality standards and any product defect issues or failures by its or the company's suppliers to comply with quality standards may lead to the cancellation of existing and future orders, recalls or exposure to potential product liability claims. Maintaining these standards incurs significant costs, and failures to uphold required accreditations may damages its brand and reputation, and may adversely affect the company's business, results of operations, financial condition, operations, cash flows, and reputation.
- Risks Relating to the Business: The company depends significantly on skilled and unskilled labour and an inability to access skilled and unskilled labour at reasonable costs at its EPC project sites may adversely affect the company's business.
- Risks Relating to the Business: Under-utilization of the company's manufacturing capacities and an inability to effectively utilize its expanded manufacturing capacities could have an adverse effect on the company's business, future prospects, and financial performance, and the information on installed capacities, historical production, and capacity utilization included in this Red Herring Prospectus is based on estimates.
- Risks Relating to the Business: Improper storage, processing and handling of the company's raw materials, work-in-progress and finished products may result in damage to its inventories and adversely affect the company's business, results of operations, cash flows and financial condition.
- Risks Relating to the Business: The company's Promoters and member(s) of its Promoter Group has given personal guarantees for loan facilities obtained by the Company. Any failures or default by the Company to repay such loans in accordance with the terms and conditions of the financing documents could trigger repayment obligations on them.
- Risks Relating to the Business: Certain of the company's corporate records is not traceable. Its cannot assure you that no legal proceedings or regulatory actions will be initiated against the Company in the future in this regard which may impact its financial condition and reputation.
- Risks Relating to the Business: The company has leased and, or availed on license, the use of certain properties from which its operates its business. The company cannot assure you that the lease, and, or license agreements will be renewed upon termination or that its will be able to obtain other premises on lease on same or similar commercial terms.
- Risks Relating to the Business: The company has delayed payments of certain statutory dues and has also paid interest and fees towards such delayed payments.
- Risks Relating to the Business: The company's export sales of its products across the international markets were 2.19%, 4.01% and 4.17%, of its total Revenue from Operations for the Fiscals 2026, 2025, and 2024, respectively. Any decrease in the demand for the company's products in these markets or an inability to increase or effectively manage its sales to such markets may adversely affect the company's business, financial condition and results of operations. Further, increase in the anti-dumping duties in such countries or the entry into free trade agreements with such countries may adversely affect its business, financial condition and results of operations.
- Risks Relating to the Business: The company has significant power and fuel requirements and any disruption to power or fuel sources could increase its production costs and adversely affect the company's business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company's failures to keep its technical knowledge confidential could erode the company's competitive advantage.
- Risks Relating to the Business: None of the company's Whole-time Directors has prior experience of holding a directorship in a company listed on the Stock Exchanges.
- Risks Relating to the Business: Failures to capitalize on growth opportunities in the power infrastructure industry could limit the company's ability to expand its product portfolio and market reach.
- Risks Relating to the Business: Technological failures or insufficient innovation in enhancing the company's manufacturing capabilities could negatively affect operational efficiency and competitive positioning.
- Risks Relating to the Business: A portion of the Net Proceeds may be utilized for repayment or pre-payment of borrowings availed by the Company from ICICI Bank Limited, which is an affiliate of ICICI Securities Limited, one of the BRLMs.
- Risks Relating to the Business: Expansion challenges in domestic and global markets could expose its to geographic and market specific risks, impacting revenue stability and growth.
- Risks Relating to the Business: An inability to accurately forecast demand or price for the company's cables and conductors and manage its inventory may adversely affect the company's business, results of operations, financial condition, and cash flows.
- Risks Relating to the Business: There are outstanding litigation proceedings involving the company's, Promoters, Directors, Subsidiary, KMPs and SMs and some of the case papers and records are not available with the company. Any adverse outcome in such proceedings may have an adverse impact on the company's reputation, business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company relies on third party logistics providers for transportation of its manufactured power cables, aluminium conductors and wires to the project site or distribution to its customers. Any delay or disruption or refusal by the company's third-party logistics providers in timely delivery of its products may affect the company's business, results of operations and cash flow adversely.
- Risks Relating to the Business: Failures or disruption of the company's information technology ("IT") systems may adversely affect its business, financial condition, results of operations, cash flows and prospects.
- Risks Relating to the Business: The company has in the past entered into related party transactions and may continue to does so in the future, which may potentially involve conflicts of interest with the equity shareholders.
- Risks Relating to the Business: The company's insurance may be insufficient to cover all losses associated with its business operations.
- Risks Relating to the Business: The company's Promoters and Promoter Group will continue to retain a majority shareholding in its after the Offer, which will allow them to exercise significant influence over the company.
- Risks Relating to the Business: Industry information included in this Red Herring Prospectus has been derived from an industry report exclusively commissioned and paid for by the Company.
- Risks Relating to the Business: The Company's ability to pay dividends in the future will depends on the Company's earnings, financial condition, working capital requirements, capital expenditures and restrictive covenants of the Company's financing arrangements.
- Risks Relating to the Business: The company has included certain Non-GAAP Measures, industry metrics and key performance indicators related to its operations and financial performance in this Red Herring Prospectus that are subject to inherent measurement challenges. These Non-GAAP Measures, industry metrics and key performance indicators may not be comparable with financial, or industry-related statistical information of similar nomenclature computed and presented by other companies. Such supplemental financial and operational information is therefore of limited utility as an analytical tool for investors and there can be no assurance that there will not be any issues or such tools will be accurate going forward.
